Latest Bitcoin Price and Analysis (BTC to USD)

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Bitcoin is currently trading below $ 35,000 after selling 5% of the resistance level of $ 36,550 overnight.

The world’s largest cryptocurrency remains in an uptrend in the short to medium term, rising from $ 30,000 to consecutive upper and lower highs.

However, if Bitcoin begins to close the four-hour candles below $ 33,800, it would remove the previous low to return to a bearish posture.

It should be noted that Bitcoin recently suffered a daily death cross, this is where the exponential moving average of 50 crosses the 200 EMA on the downside, for the first time since March 2020.

BTCUSD chart by TradingView

This is usually a large-scale bearish signal, with several analysts now suggesting that Bitcoin has entered a bear market after a bull cycle that saw it eclipse a record high of $ 65,000 earlier this year.

From a technical standpoint, the short-term support levels remain at $ 34,250, $ 33,800 and $ 33,400, although a breakout of these levels may well indicate a next move down the range at. $ 30,000.

If Bitcoin can regain the $ 35,400 level, it will likely rise to test the resistance point of $ 36,400, where the price collapsed on June 19.

For more cryptocurrency information, guides and analysis, click here.

Bitcoin pricing

Current live BTC price information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Prices are also available in a range of different currency equivalents:

US Dollar BTC to USD

Pound sterling BTCtoGBP

Japanese yen BTCversJPY

Euro BTCverseur

Australian dollar BTCtoAUD

Russian ruble BTCtoRUB

About Bitcoin

In August 2008, the domain name bitcoin.org was registered. On October 31, 2008, an article was published titled Bitcoin: A Peer-to-Peer Electronic Cash System. This was written by Satoshi Nakamoto, the inventor of Bitcoin. To this day, no one knows who this or these people are.

The story continues

The document describes a method of using a P2P network for electronic transactions without relying on trust. On January 3, 2009, the Bitcoin network was born. Nakamoto mined block number 0 (or the genesis block), which had a reward of 50 Bitcoins.

More news and information about BTC

If you want to learn more about Bitcoin or cryptocurrencies in general, use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it’s worth doing some homework before parting with your money. Cryptocurrency prices are volatile and rise and fall rapidly. This page does not recommend any particular currency or whether or not you should invest.

Disclaimer: The views and opinions expressed by the author should not be taken as financial advice.

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